So which one, is better in your overall opinion to work with and why
Erc has higher fees and its slower but still remains the favorite
Erc has higher fees and its slower but still remains the favorite
Topic: referred token - page 6. (Read 821 times)
There are many factors to compare between them such as speed, volume, popularity, fee, ... but I think it is better to distinguish which one is better, for users, developers, investors,... can easily select them depending on the purpose of use. I personally find that depending on the different stages, the navigation on each of these things will be different, like when users find it difficult to accept to pay fees on ERC20 transactions, they gradually look to other options more optimized ecosystem.
Between BEP20 and ERC20, BEP20 is very popular to me. BEP20 transactions can be done with very less gas free. But I used to use ERC20 earlier, ERC20 transactions are very gas free for which now I don't use ERC20 much. If I say BEP20 and ERC20. Both are very popular if ERC20 can reduce their gas free then everyone will use more. Not many people use ERC20 for gas free. 
So which one, is better in your overall opinion to work with and why
Erc has higher fees and its slower but still remains the favorite
Erc has higher fees and its slower but still remains the favorite
BEP20 and ERC20 are both token standards used on different blockchain networks. BEP20 is used on the Binance Smart Chain, while ERC20 is used on the Ethereum network. Both token standards are very similar. They allow for the creation of fungible tokens, which means that each token is identical and interchangeable with another token of the same type. This makes them ideal for creating digital assets such as cryptocurrencies, loyalty points and other types of digital assets. One major difference between the two is their underlying blockchain technology. The Binance Smart Chain is a newer blockchain network that was created by Binance, while Ethereum has been around since 2015 and is widely considered to be the first blockchain network to support smart contracts. The choice would depends on your specific needs and use.
There are many factors to compare between them such as speed, volume, popularity, fee, ... but I think it is better to distinguish which one is better, for users, developers, investors,... can easily select them depending on the purpose of use. I personally find that depending on the different stages, the navigation on each of these things will be different, like when users find it difficult to accept to pay fees on ERC20 transactions, they gradually look to other options more optimized ecosystem.
ERC20 is the best and optimal for managing smart contracts on Ethereum blockchain, and the reason for you is that Ethereum originally works on accounts based system, smart contract management is deeply embedded in this blockchain with decentralized ownership, which comes at the expense of paying higher fees. Bep-20 is based on the same system as ERC20 with the replacement of the decentralization with 21 validators all connected to Binance and thus they can freeze or stop the blockchain in exchange for giving you a cheap fee.
I believe using of Bep-20 reduces the risk of scam from the network or in bridges, but you may lose your money if a hacker steals it.
I believe using of Bep-20 reduces the risk of scam from the network or in bridges, but you may lose your money if a hacker steals it.
So which one, is better in your overall opinion to work with and why
Erc has higher fees and its slower but still remains the favorite
Erc has higher fees and its slower but still remains the favorite
ERC 20 must be better. BRC just another garbage token with no purpose at all. It's actually BS token since the token has no utility caused by taproot was not able to make token to be integrated to the ethereum with its dapps support.
I will prefer to take ERC instead of BRC in long term. it's more promising.
I will prefer to take ERC instead of BRC in long term. it's more promising.
All depends on what you want to go for. Both networks provide several advantages and disadvantages. ERC20 currently has many good projects but BEP20 offers speed and smoothness when making transactions. I personally prefer BEP20 but it comes down to individual decision and preference.
both are just the same honestly, but if you seek fees that makes more sense then BEP20 is the way, the thing is that there's always reason why many
prefers to deploy their project in ERC20 tokens, basically the main blockchain of ethereum, that's because simply put the traffic is significiantly better in ethereum,
though bsc is also having quite good of traffic themselves, but in general they are still full of shitcoins, moreover bsc only have populated blockchain when metaverse
was still a thing, back then many projects needs good scalability like metaverse, and they seek that from bsc, nowadays that doesn't seem to be necessary.
prefers to deploy their project in ERC20 tokens, basically the main blockchain of ethereum, that's because simply put the traffic is significiantly better in ethereum,
though bsc is also having quite good of traffic themselves, but in general they are still full of shitcoins, moreover bsc only have populated blockchain when metaverse
was still a thing, back then many projects needs good scalability like metaverse, and they seek that from bsc, nowadays that doesn't seem to be necessary.
Actually both network are good and very stronger but if we compare with transaction fees about coin transfer than Bep-20 is better than Erc-20 because ERC-20 need transfer fees so high and when we use Bep-20 Networks for transfer our token/coins than Bep-20 Fees very cheap / low. So my best options is Bep-20 selected network is always BETTER and faster transaction also very faster Bep-20.
Except bep20 is famous for all the scammers issuing their trash tokens with their trash idos and no one takes bep20 tokens seriously. And you could just use L2 like arbitrum for the fees until eth scales to more user friendly prices. And faster and cheaper is not always better. Decentralization level of BSC is questionable at best. Also ecosystem in ERC20 is better and more mature and attracts way more developers. So my bet is that big adoption will happen with ETH, not with BNB. So which one, is better in your overall opinion to work with and why
Erc has higher fees and its slower but still remains the favorite
Erc has higher fees and its slower but still remains the favorite
So which one, is better in your overall opinion to work with and why
Erc has higher fees and its slower but still remains the favorite
Erc has higher fees and its slower but still remains the favorite
Both network are good, but then when we will talk about fees I rather choose BEP20. And if you are a fan of new projects they are commonly used bsc as their chain in their market and they will release it in some exchanges that they only need provide liquidity. Right now I still choose bep20, even though all of us knew that ERC20 comes with a lot of benefits but still in terms of fees and speed , BEP20 will win.
Recently, I have observed a significant decrease in the transaction fees of ERC20, but they still cannot be compared to the low transaction fees offered by BEP20. It would be beneficial to analyze and compare both blockchains when they experience the highest transaction volumes.
actually, both BEP20 and ERC20 have quite same condition. But, if considering the fees, I personally will prefer to BEP20, Because the fees are lower. I know that sometimes, ERC20 fee is also low, moreover during bearish era. But during bullish era or in certain period in ehich the transactions are ver high, the fees of transfering Erc20 tokens are kiling, very high.
while Bep20 is commonly more stable, I mean more affordable and lower than Erc20.
BEP-20 tokens are a variety of crypto assets that do not have their own blockchain, but use the Binance Smart Chain (BSC) smart contract blockchain. Although BEP-20 is considered to be an improved analogue of ERC-20, however, I believe that this was justified when Ethereum experienced difficulties during a period of low scalability and renewal of its network. Going forward, Ethereum blockchain tokens appear to have a better chance of increasing demand and liquidity. Therefore, BEP-20 tokens are better suited for work now, but ERC-20 tokens are still in the future. while Bep20 is commonly more stable, I mean more affordable and lower than Erc20.
actually, both BEP20 and ERC20 have quite same condition. But, if considering the fees, I personally will prefer to BEP20, Because the fees are lower. I know that sometimes, ERC20 fee is also low, moreover during bearish era. But during bullish era or in certain period in ehich the transactions are ver high, the fees of transfering Erc20 tokens are kiling, very high.
while Bep20 is commonly more stable, I mean more affordable and lower than Erc20.
while Bep20 is commonly more stable, I mean more affordable and lower than Erc20.
Both networks are solid enough to win the trust of users for years since the launch of both. Choosing to use one of them depends on the purpose of use each time. In view of the history of the activity of each network, ERC20 has proven its efficiency, which contributed to the launch of many projects with the same degree of efficiency, while BEP20 is considered relatively recent.
Users generally prefer the BEP20 network because the fees are very low compared to transfers on its ERC20 counterpart, in addition to the speed of transaction confirmation. The ERC20 network is more efficient for launching applications, but it still suffers from the power of miners who demand more fees as the network becomes more popular.
Users generally prefer the BEP20 network because the fees are very low compared to transfers on its ERC20 counterpart, in addition to the speed of transaction confirmation. The ERC20 network is more efficient for launching applications, but it still suffers from the power of miners who demand more fees as the network becomes more popular.
Both are good to use but depending on what you wanna do with them, ERC20 is more secure and most times due to its gas fee people don't prefer using it rather launching their project on BSC. BEP20 (BSC) are not that secure unlike ERC20, you see lots of spam token in bsc with fake price and when you attempt to sell them you got phished and likely lose your asset the only benefits i know you got from bep20 is just reduction of gas fee. However, to me it was built as an alternatives to ERC20. I would like you to properly read this article here to understand their differences, i mean all you need to know about the both network it is self explanatory.
The two ecosystems are good but often the BSC network is always abused by people who are not responsible for the spam tokens they generate, often I also get tokens sent from nowhere, maybe because the low cost of the BSC network makes it easy for scammers to do the action is by sending tokens anywhere so that the wallet is dusted.The ERC20 network is more flexible even though the network costs are expensive but there are many projects that stand well on their network so this network is stronger than BSC, seeing some of the tokens active on the ERC20 network are more promising than on the BSC network.
I will only speak from transaction fees perspective, everyone knows bsc has an incredible low transaction fees hence it is easy to move tokens around in the network on like the ethereum network which is very expensive and congested.
I believe what makes a token better is the team behind the project and not the network it was created. Since both network servers almost the same purpose in terms of launching a project, it will be better to consider the one with the most lowest fees coz in the end that is what 99% of the crypto community are concerned about.
I believe what makes a token better is the team behind the project and not the network it was created. Since both network servers almost the same purpose in terms of launching a project, it will be better to consider the one with the most lowest fees coz in the end that is what 99% of the crypto community are concerned about.
When we look at both networks, it is possible to see that both are of high quality. But ERC20 network is more reliable than BSC network. Because tokens or their owners, which are released for fraudulent purposes in the market, prefer the BSC network because of their costs and gas fees. Because of the transaction costs, they produce tokens in seconds and make their sales. However, since the costs are high in the ERC20 network, investors do not invest in every token that is issued. Naturally, in this case, it makes the ERC20 network a bit more reliable than the BSC network.
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